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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income (loss) $ 2,271 $ (62,905)
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:    
Depreciation and amortization of property and equipment and amortization of intangible assets 4,566 6,919
Deferred income tax (888)  
Impairment of prepaid advances 1,164
Impairment of intangibles 1,968
Changes in fair value of equity investment in Metaverse (585) 43,518
Loss from sale of property and equipment 44
Amortization of debt issuance costs included in interest expense 1,223
Stock-based compensation and expenses 5,487 2,892
Interest expense for deferred consideration 44
Change in fair value of earnout for earnout consideration 222
(Gain) loss on extinguishment of note payable (2,178) 1,498
Accretion and PIK interest expense added to note payable 302
Other 26
Accounts receivable (8,088) 13,692
Inventory 50 406
Unbilled revenue (972) 615
Prepaid and other current assets (1,580) 3,195
Accounts payable and accrued expenses 4,100 (29,766)
Deferred revenue (728) (1,640)
Net cash provided (used in) by operating activities 4,879 (20,007)
Cash flows from investing activities:    
Purchases of property and equipment (316) (64)
Purchase of intangible assets (325) (2,545)
Purchase of business, net of cash acquired (11,672)  
Proceeds from the sale of property and equipment 84
Sale of equity investment securities 11 815
Net cash used in investing activities (12,302) (1,710)
Cash flows from financing activities:    
Payments of notes payable (7,786) (7,703)
Repayments under revolving credit agreement, net (1,956) (12,829)
Proceeds from PPP Loan 2,152
Net proceeds from issuance of Class A common stock 12,378 42,652
Net cash provided by financing activities 2,636 24,272
Net change in cash, cash equivalents and restricted cash (4,787) 2,555
Cash, cash equivalents and restricted cash at beginning of year 17,849 15,294
Cash, cash equivalents and restricted cash at end of year $ 13,062 $ 17,849